Cement News tagged under: Al Jouf Cement
Al Jouf Cement extends SAR40m cement supply contract07 September 2021, Published under Cement NewsAl Jouf Cement Co extended has its cement supply agreement with Soliman bin Saleh Almohileb and his Sons Holding Co with a value of SAR40m (US$10.66m), according to a bourse filing. The new contract will run until 30 April 2022 and follows a SAR60m deal made on 21 December 2020, with Soliman bin Saleh Almohileb and his Sons Holding Co, Argaam reported. Based in Al-Jaef, Saudi Arabia, Soliman bin Saleh Almohileb and his Sons Holding Co is a trading company that owns several read... |
Al Jouf Cement sees profit advance 25% YoY20 August 2021, Published under Cement NewsAl Jouf Cement has announced a 4.9 per cent YoY decline in revenue to SAR53.74m (US$14.34m) in the six months ended 30 June 2021, compared to SAR56.49m in the 1H20. However, the company's profit advanced 24.9 per cent to SAR19.68m from SAR15.75m. |
Saudi Arabian producers report 15% decline in net profit07 May 2021, Published under Cement NewsSaudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to around SAR1.05bn in the year-ago period, according to Al Eqtisadiah. Four companies reported growth during the quarter, while the remaining 10 saw a decline. Najran Cement recorded the highest growth in net profit at 51.4 per cent, followed by Arabian Cement Co (+48.6 per cent) and Al Jouf Cement (+15.4 per cent). Ho... |
Saudi Arabian cement companies see combined profits rise 39%12 November 2020, Published under Cement NewsThe combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20, compared with SAR603.54m in the same period of 2019, according to Mubasher. A total of 13 cement firms achieved growth in quarterly profits, while Northern Region Cement saw profits fall. The net profit of Southern Province Cement Co was the highest in the third quarter, rising 66.7 per cent YoY to SAR150m. Qassim Cement saw a 22.1 per cent advance in profit to SAR1... |
Al Jouf Cement sees surge in net profit for the 3Q2002 November 2020, Published under Cement NewsSaudi Arabia’s Al Jouf Cement reported a 643.4 per cent YoY surge in net profit to SAR8.22m (US$2.19m) for the third quarter of 2020, compared to SAR1.1m in the corresponding period of last year. The company’s revenue advanced to SAR68.9m in the July-September period, rising 155.5 per cent YoY. The growth in quarterly earnings was supported by an increase in sales volume and value, coupled with a decrease in the cost of sales per tonne as production rose, according to a stock exchange sta... |
Al Jouf Cement sees 4% rise in revenue for 1Q2026 May 2020, Published under Cement NewsSaudi Arabia’s Al Jouf Cement has seen a 3.5 per cent YoY increase in revenue to SAR58.8m (US$15.68m) in the first quarter of 2020, compared to SAR56.85m in the year-ago period. Net profit has also surged to SAR15.21m from SAR1.49m in the 1Q19. |
Al Jouf Cement returns to profit24 March 2020, Published under Cement NewsSaudi-based Al Jouf Cement has reported a net profit after zakat and tax of SAR5.3m (US$1.41m) in 2019 when compared with a loss of SAR39.5m in 2018. The company saw sales rise to SAR169.8m in 2019 from SAR137.7m in the previous year. In addition, the cost of sales as well as general and marketing expenses was down. |
Al Jouf Cement extends export contract to Jordan26 November 2019, Published under Cement NewsAl Jouf Cement has extended its contract with Saudi Industrial Export (SIECO) to export 72,000t of cement to Jordan over the next year. The new extension begins on 27 November 2019 and the financial earnings from the deal will be revealed in financial statemend before the end of 2020. |
Al Jouf Cement renews export licence16 October 2019, Published under Cement NewsA company statement for Al Jouf Cement of Saudi Arabia stated that the company has received its renewed cement export licence as well as a new clinker export licence on 15 october 2019. Both licences are active immediately. Al Jouf Cement received its first cement export licence in February 2017. |
Al Jouf Cement reports 2Q profit09 August 2019, Published under Cement NewsSaudi cement producer Al Jouf Cement posted sales of SAR46.2m (US$12.3m) in 2Q19, representing a 70 per cent rise when compared with 2Q18 when sales reached SAR27.2m, according to Reuters. Net profit after zakat and tax in the second quarter rose to SAR0.1m, a significantly improved performance when compared with 2Q18 when the company posted a loss of SAR13.7m. The rise in profit has been attributed to and increased sales volume and average selling price. |